Creo Medical Group (CREO)

Sector:

Health Care

Index:

FTSE AIM All-Share

36.00p
   
  • Change Today:
    -0.25p
  • 52 Week High: 48.10
  • 52 Week Low: 23.25
  • Currency: UK Pounds
  • Shares Issued: 361.48m
  • Volume: 147,264
  • Market Cap: £130.13m

Creo upbeat on first in-human use of MicroBlate Fine

By Josh White

Date: Wednesday 16 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Medical device company Creo Medical Group updated the market on its 510(k) US Food and Drug Administration (FDA)-cleared tissue ablation device, 'MicroBlate Fine' on Wednesday, reporting that the device was successfully used for the first in-human, minimally invasive, endoscopic ultrasound (EUS)-guided treatment in a patient with an unresectable pancreatic neuroendocrine tumour.
The AIM-traded firm said the procedure was performed by Dr Carlos Robles-Medranda at Instituto Ecuatoriano de Enfermedades Digestivas (IECED) in Ecuador, with the resulting outcome being described as a success.

With a condition that was not possible to be treated surgically using traditional methods, the company said the patient required a less invasive treatment in order to potentially prolong the patient's life.

It said that, following the procedure using MicroBlate Fine, the patient remains well and is "enjoying life".

Subsequent scans of the patient's pancreas continued to confirm the treatment's durability.

MicroBlate Fine was the third device to gain FDA regulatory clearance within Creo's portfolio of flexible endoscopy devices for the gastrointestinal market in November, and was designed to be used with the firm's 'CROMA' advanced energy platform, powered by 'Kamaptive' full-spectrum adaptive technology.

The MicroBlate Fine device uses Creo's very high frequency microwave energy, allowing physicians to precisely ablate diseased tissue in multiple organ types and many different clinical access methods.

MicroBlate Fine has the same dimensions as a standard biopsy needle which, when used with typical EUS navigation tools, enabled improved access to and the ablation of a wide range of organs including the pancreas, liver, kidneys, lungs and muscle.

"We are delighted to report such a positive update on our 510(k) FDA-cleared tissue ablation device MicroBlate Fine," said chief executive officer Craig Gulliford.

"The device was successfully used for the first in-human minimally invasive EUS guided treatment in a patient with an unresectable pancreatic neuroendocrine tumour in December 2020.

"The outcome of the procedure was a success, with subsequent follow up scans not only showing no return of the tumour, but also an absence of any obvious scar tissue."

At 0947 BST, shares in Creo Medical were up 2.91% at 212p.

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CREO Market Data

Currency UK Pounds
Share Price 36.00p
Change Today -0.25p
% Change -0.69 %
52 Week High 48.10
52 Week Low 23.25
Volume 147,264
Shares Issued 361.48m
Market Cap £130.13m

CREO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.43% below the market average23.43% below the market average23.43% below the market average23.43% below the market average23.43% below the market average
35.48% below the sector average35.48% below the sector average35.48% below the sector average35.48% below the sector average35.48% below the sector average
Price Trend
13.89% above the market average13.89% above the market average13.89% above the market average13.89% above the market average13.89% above the market average
35.14% above the sector average35.14% above the sector average35.14% above the sector average35.14% above the sector average35.14% above the sector average
Income Not Available
Growth
42.70% above the market average42.70% above the market average42.70% above the market average42.70% above the market average42.70% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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CREO Dividends

No dividends found

Trades for 29-Apr-2024

Time Volume / Share Price
10:42 20 @ 35.50p
10:42 5,000 @ 36.00p
10:40 5,000 @ 36.00p
10:40 5,000 @ 36.00p
09:15 200 @ 36.50p

CREO Key Personnel

CEO Craig Jonathan Gulliford
CFO Richard John Rees

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